Dividend Max

Asset Allocation

Position	Category/Sector	Target Weight
AAPL Apple Inc	Technology	10%
CVX Chevron Corporation	Energy	10%
EPR EPR Properties	Real Estate	10%
HP Helmerich & Payne, Inc.	Energy	10%
INTC Intel Corporation	Technology	10%
JPM JPMorgan Chase & Co.	Financial Services	10%
PEP PepsiCo, Inc.	Consumer Defensive	10%
RY Royal Bank of Canada	Financial Services	10%
VZ Verizon Communications Inc.	Communication Services	10%
XOM Exxon Mobil Corporation	Energy	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Dividend Max, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is Oct 19, 2001, corresponding to the inception date of CVX

Returns By Period

As of Apr 4, 2026, the Dividend Max returned 15.32% Year-To-Date and 14.23% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.63%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio Dividend Max	1.01%	1.40%	15.32%	20.61%	54.86%	18.67%	15.38%	14.23%
Portfolio components:
CVX Chevron Corporation	0.79%	4.78%	31.83%	32.31%	45.12%	9.95%	18.30%	12.53%
XOM Exxon Mobil Corporation	-0.06%	6.59%	34.42%	44.07%	59.30%	15.29%	27.66%	11.56%
JPM JPMorgan Chase & Co.	-0.26%	0.36%	-8.16%	-4.08%	42.10%	34.44%	16.83%	20.51%
RY Royal Bank of Canada	-0.02%	-0.62%	-3.48%	12.81%	52.13%	23.42%	16.38%	15.45%
VZ Verizon Communications Inc.	0.02%	-3.48%	23.39%	17.06%	22.66%	15.58%	2.85%	4.39%
PEP PepsiCo, Inc.	1.53%	-1.42%	10.38%	12.66%	11.38%	-1.63%	5.35%	7.43%
EPR EPR Properties	1.71%	-10.56%	4.25%	-7.86%	16.73%	18.31%	8.37%	3.49%
INTC Intel Corporation	4.89%	9.64%	36.53%	36.79%	153.80%	16.21%	-3.01%	7.04%
HP Helmerich & Payne, Inc.	0.78%	1.99%	22.30%	53.57%	83.50%	1.17%	8.40%	-0.05%
AAPL Apple Inc	0.11%	-1.68%	-5.78%	-0.62%	36.45%	16.04%	16.39%	26.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 22, 2001, Dividend Max's average daily return is +0.06%, while the average monthly return is +1.26%. At this rate, your investment would double in approximately 4.6 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +22.4%, while the worst month was Mar 2020 at -21.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, Dividend Max closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.2%, while the worst single day was Mar 16, 2020 at -13.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	9.41%	5.31%	-0.57%	0.67%									15.32%
2025	1.03%	4.47%	-0.84%	-8.23%	0.21%	4.54%	0.69%	10.02%	5.72%	2.65%	2.92%	0.18%	24.71%
2024	0.06%	-0.58%	5.02%	-4.86%	3.73%	-0.23%	4.64%	-2.61%	0.66%	-1.04%	5.34%	-6.37%	3.02%
2023	4.81%	-3.82%	1.40%	3.10%	-4.63%	7.41%	4.34%	-3.15%	-1.08%	-2.68%	7.17%	4.76%	17.91%
2022	4.98%	4.16%	5.84%	-4.26%	5.49%	-9.80%	6.68%	-6.00%	-10.28%	15.30%	4.37%	-4.77%	8.73%
2021	3.54%	9.74%	3.61%	0.44%	2.99%	3.22%	-2.01%	0.05%	-0.41%	5.21%	-4.86%	4.76%	28.70%

Benchmark Metrics

Dividend Max has an annualized alpha of 6.89%, beta of 0.99, and R² of 0.81 versus S&P 500 Index. Calculated based on daily prices since October 22, 2001.

This portfolio captured 118.80% of S&P 500 Index gains but only 87.22% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 6.89% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.99 and R² of 0.81, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 6.89%

Beta: 0.99

R²: 0.81

Upside Capture: 118.80%

Downside Capture: 87.22%

Expense Ratio

Dividend Max has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Dividend Max ranks 80 for risk / return — in the top 80% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.96	0.88	+1.08
Sortino ratio Return per unit of downside risk	2.60	1.37	+1.23
Omega ratio Gain probability vs. loss probability	1.39	1.21	+0.18
Calmar ratio Return relative to maximum drawdown	2.55	1.39	+1.16
Martin ratio Return relative to average drawdown	9.61	6.43	+3.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
CVX Chevron Corporation	65	0.98	1.37	1.20	1.19	2.67
XOM Exxon Mobil Corporation	80	1.58	2.06	1.28	2.51	6.57
JPM JPMorgan Chase & Co.	66	0.89	1.28	1.18	1.51	4.05
RY Royal Bank of Canada	95	2.84	3.98	1.52	4.83	17.99
VZ Verizon Communications Inc.	64	0.79	1.35	1.17	1.22	2.79
PEP PepsiCo, Inc.	51	0.42	0.81	1.09	0.60	1.23
EPR EPR Properties	44	0.24	0.51	1.07	0.23	0.46
INTC Intel Corporation	89	1.94	2.64	1.33	5.32	12.19
HP Helmerich & Payne, Inc.	59	0.68	1.20	1.16	0.87	1.64
AAPL Apple Inc	55	0.47	0.92	1.13	0.66	2.04

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Dividend Max Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.96
5-Year: 0.88
10-Year: 0.70
All Time: 0.69

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.99 to 1.69, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Dividend Max compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Dividend Max provided a 2.96% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.96%	3.36%	3.82%	3.82%	3.98%	3.37%	4.44%	3.76%	3.90%	3.36%	3.38%	4.00%
Portfolio components:
CVX Chevron Corporation	3.47%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%
XOM Exxon Mobil Corporation	2.51%	3.32%	3.57%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%
JPM JPMorgan Chase & Co.	1.49%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%
RY Royal Bank of Canada	2.75%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%
VZ Verizon Communications Inc.	5.54%	6.68%	6.68%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%
PEP PepsiCo, Inc.	3.62%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%
EPR EPR Properties	6.95%	7.05%	7.68%	6.81%	8.62%	3.16%	4.66%	6.37%	5.62%	6.23%	5.35%	6.21%
INTC Intel Corporation	0.00%	0.00%	1.87%	1.47%	5.52%	2.70%	2.65%	2.11%	2.56%	2.33%	2.87%	2.79%
HP Helmerich & Payne, Inc.	2.87%	3.49%	4.72%	5.18%	2.49%	4.22%	8.29%	6.25%	5.88%	4.33%	3.59%	5.14%
AAPL Apple Inc	0.41%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Dividend Max. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Dividend Max was 47.68%, occurring on Mar 9, 2009. Recovery took 209 trading sessions.

The current Dividend Max drawdown is 0.42%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-47.68%	May 20, 2008	202	Mar 9, 2009	209	Jan 5, 2010	411
-42.08%	Feb 13, 2020	27	Mar 23, 2020	206	Jan 14, 2021	233
-30.74%	May 15, 2002	101	Oct 7, 2002	225	Aug 28, 2003	326
-20.71%	Apr 21, 2022	113	Sep 30, 2022	202	Jul 24, 2023	315
-19.48%	Jul 25, 2014	274	Aug 25, 2015	190	May 26, 2016	464

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 10 assets, with an effective number of assets of 10.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	PEP	VZ	AAPL	EPR	HP	INTC	RY	JPM	CVX	XOM	Portfolio
Benchmark	1.00	0.46	0.46	0.60	0.51	0.46	0.64	0.58	0.70	0.56	0.56	0.83
PEP	0.46	1.00	0.39	0.26	0.32	0.16	0.29	0.29	0.30	0.29	0.30	0.45
VZ	0.46	0.39	1.00	0.24	0.33	0.20	0.30	0.31	0.36	0.33	0.34	0.51
AAPL	0.60	0.26	0.24	1.00	0.27	0.26	0.46	0.34	0.37	0.28	0.29	0.58
EPR	0.51	0.32	0.33	0.27	1.00	0.28	0.32	0.35	0.40	0.32	0.33	0.57
HP	0.46	0.16	0.20	0.26	0.28	1.00	0.29	0.38	0.36	0.62	0.60	0.67
INTC	0.64	0.29	0.30	0.46	0.32	0.29	1.00	0.37	0.44	0.34	0.35	0.64
RY	0.58	0.29	0.31	0.34	0.35	0.38	0.37	1.00	0.52	0.43	0.42	0.63
JPM	0.70	0.30	0.36	0.37	0.40	0.36	0.44	0.52	1.00	0.44	0.44	0.69
CVX	0.56	0.29	0.33	0.28	0.32	0.62	0.34	0.43	0.44	1.00	0.82	0.73
XOM	0.56	0.30	0.34	0.29	0.33	0.60	0.35	0.42	0.44	0.82	1.00	0.73
Portfolio	0.83	0.45	0.51	0.58	0.57	0.67	0.64	0.63	0.69	0.73	0.73	1.00

The correlation results are calculated based on daily price changes starting from Oct 22, 2001

Dividend Max

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table